A rare 1787 gold coin was reportedly sold by Blanchard and Co. to an anonymous buyer from a Wall Street investment firm for $7.4 million. The amount fetched for the 1787 gold Brasher doubloon is considered as one of the highest ever paid for a gold coin, according to reports by several international news sites on Monday, December 12, 2011.

The 1787 gold coin was minted by a goldsmith neighbor of George Washington, named Ephraim Brasher. Reports say that the coin has 26.66 grams of gold. During that time, gold is only worth $15 compared to current gold price of $1,500.

Coin and precious metals company Blanchard and Co., based in New Orleans, facilitated the gold Brasher doubloon deal.

Reports added that the Brasher doubloon is considered the first US gold minted dollar coin.